said during the electric-car maker's first-quarter earnings call that the closure of Tesla's Fremont, California, car factory is a significant risk for the company, investors didn't appear to heed his warning.
If the Fremont factory remains closed, Tesla will have to pay the money it owes suppliers without taking in much revenue, Whiston said. Though the company's new factory in Shanghai has reopened, it can't replace the Fremont plant's output, and Tesla does not yet have a factory in Europe , he added. Musk said during the first-quarter earnings call that the Fremont plant makes the "vast majority" of Tesla's vehicles.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »